Answer:
is based on offering a unique product or service that a wide range of buyers find appealing and worth paying for
Explanation:
A broad differentiation strategy is a strategy of making ones goods or services different from that of competitors in a way that would appeal to a wide range of consumers.
An example of a company that employs broad differentiation strategy is apple. Apple products are deemed to be quite different from that of its competitors
<em><u>Characteristics of broad differentiation strategy </u></em>
- Firms that use this pricing have higher brand loyalty
- Firms that use this pricing have higher sales than when compared with competitors
- Firms that use this pricing are able to charge a higher price for their products when compared to their competitors
Answer: C. Many decisions are made on the margin
Explanation:
One vital economic principle that is made by economic agents is that when making rational decisions, it involves thinking at the margin.
For one to take a particular action, one has to consider the benefits and costs that are involved and then see if the benefits outweigh the costs before the final decision is made.
Since her pool sessions are helping her swim more quickly, Poornima plans to reduce by 1 hour per week the time she spends training on the bike and increase by 1 hour the time she spends in the swimming pool.
This means the extra time allocated to swimming is beneficial and the basic principle of individual choice that Maria illustrate is that many decisions are made on the margin.
<span>The AICPA rules would enforce that he is not allowed to join the board since he would be considered a firm professional. This would prevent a conflict of interest where he would serve as a director of a client. The AICPA is the American Institute of Certified Public Accountants.</span>
Answer:
The correct answers are:
1. Nonexcludable, nonrivalrous
2. excludable, nonrivalrous
3. excludable, rivalrous
4. excludable, rivalrous
5. excludable, rivalrous
6. excludable, rivalrous
Explanation:
A good is excludable when ordinary people haven't paid for it can be prevented from using that good. It becomes a rival if the consumption of a person in that good diminishes another one's consumption of it. Rivalry and excludability are related. A very simple example of it is when an apple cannot be shared with an unlimited number of people.
I think the answer is B: a person with a credit score of 760 with a small amount of debt who has had steady employment for many years.
